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Monthly Archives: January 2017
Rise of the machines: here to stay
Machines will continue to bring manufacturing closer to where the products are consumed, while also eroding human jobs and wages in these areas. Major deflationary force in the world. Number of robots in Amazon warehouses: 2016: 45,000 2015: 30K 2014: … Continue reading
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Car execs charged, bankers still at large and wrecking havoc
I have been pointing out since 2009, that the Obama administration failed its calling when it chose to not prosecute bank executives for the criminal activities they directed, oversaw and willfully overlooked in their companies. The financial crisis handed the … Continue reading
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Confidence not enough to boost economy
Today the US Commerce Department reported retail sales rose 0.6% in December from a month earlier. Though helped by strong car sales and higher gas prices, sales in other categories were flat on the month and underscored how bad the … Continue reading
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